Finns Friends EIN 85-0509538 Form 990 (PDF) Claim this org

Finns Friends

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Improves life quality for families impacted by Duchenne muscular dystrophy. For fiscal year 2024 it reported $233K in revenue, $208K in expenses, and $179K in net assets.Pt I

Type
Public charity (501(c)(3)) · Diseases & Disorders
Location
Longview, TX
Website
www.finnsfriends.net
Filings
4 on file (2021–2024)
Revenue
$233KFY2024
Expenses
$208K
Net assets
$179K
People
5
Filings
4
Updates
0
More identity details & actions ⌄
EIN  85-0509538 Public charity (501(c)(3)) Longview, TX
Form 990 (PDF)
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Size
$100K–1M
What they do
Improves life quality for families impacted by Duchenne muscular dystrophy.
Leadership
Emily Fraser · Admin Director · $18K
Money in and out
$233K revenue, $208K expenses
Bottom line
78% program efficiency
Where the money goes · FY2024
Total revenue
$233K
Pt VIII · Ln 12
Total expenses
$208K
Pt IX · Ln 25
Net assets
$179K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $25K
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.21 Fundraising $0.01
Program efficiency
78%
of spending reaches programs▲ +29% vs prior filing year
Operating runway
10.3mo
months of highly liquid reserves at operating expense rate▲ +2% vs prior filing year
Surplus margin
+11%
revenue over expenses, this year▼ -22% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$233K
FY2024▲ +10%
Expenses
$208K
FY2024▲ +14%
Total assets
$179K
FY2024▲ +16%
Total liabilities
$0
FY2024
Total revenue
$233K
Pt VIII · Ln 12
Total expenses
$208K
Pt IX · Ln 25
Net assets
$179K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$25K
Total assetsPt X · Ln 16$179K
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFinns Friends
EINHdr · item D85-0509538
Principal addressHdr · item CLongview, TX
WebsiteHdr · item Jwww.finnsfriends.net
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFDiseases & Disorders (G12)
Ruling yearIRS BMFApr 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Admin Director
$17,563Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Emily Fraser’s $18K as Admin Director is at the 9th percentile of top reported officer pay among 900 $100K–1M diseases & disorders nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Mission & Programs · Part III

Where the work happens

3 program services account for $162K of program spending, described in the organization's own filed words · FY2024.
01

Provided family assistance for those with DMD for related expenses like equipment purchases, rent and utility assistance, home modifications for accessibility, funeral assistance and other family expenses for a total of 45 families.

$96Kprogram expense
02

Grants for other DMD related entities like charleys fund - for research to find a cure for duchenne muscular dystrophy and jett foundation - empowers people and families impacted by duchenne muscular dystrophy through the development of transformative programming, educational opportunities, and ongoing support for every stage of a…

$60Kprogram expense
03

Neuromuscular clinic

$6Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$197K · 84%
Other revenue$36K · 16%
Contributions & grants84%$197K
Other revenue16%$36K
Total revenueLn 12$233K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.21 Fundraising $0.01
Program services78%$162K
Management & general21%$44K
Fundraising1%$2K
Total functional expensesLn 25$208K

Balance Sheet

Part X · end of year
CashLn 1$179K
Total assetsLn 16$179K
Total liabilitiesLn 26$0
Total net assetsLn 32$179K
Months of cash on handcomputed10.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $179K · Operating expenses/yr $208K
10.3 months
Where the money goes
Program services
Program services $162K · Total expenses $208K
78%
Management & General
Management & general $44K · Total expenses $208K
21%
Fundraising
Fundraising $2K · Total expenses $208K
1%
Cost to raise $1
Fundraising expense (2-yr avg) $1K · Solicited contributions (2-yr avg) $201K
$0.01 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $197K · Total revenue $233K
84%
Government reliance
Government grants — · Total revenue $233K
Earned-income share
Program service revenue $0 · Total revenue $233K
0%
Investment reliance
Investment income $0 · Total revenue $233K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $208K
0%
Growth & trend
Revenue growth (YoY)
This year $233K · Prior year $212K
+10%
Net-asset trend (YoY)
End of year $179K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $233K · Expenses $208K
+11%
Liabilities-to-Assets
Total liabilities — · Total assets $179K
Net-asset ratio
Net assets $179K · Total assets $179K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $179K
0%
People & payroll
Highest Reported Total Compensation
Individual Emily Fraser · Reported title ADMIN DIRECTOR · Highest reported compensation $18K · Total expenses $208K
8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $19K · Total expenses $208K
9%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 78%
Overhead ratio 21%
Fundraising cost ratio 1%
Revenue growth 10%
Investment management fee ratio 0%
Legal fee ratio 0.3%
Accounting fee ratio 0.8%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 18 grants · $236K · 2023–2024
Charleys FundFY2024$35,000
Unitemized GrantFY2024$28,082
Jett Foundation INCMA · FY2024$25,000
Unitemized GrantFY2024$14,328
Unitemized GrantFY2024$10,027
Unitemized GrantFY2024$7,574
Neuromuscular ClinicFY2024$5,517
Unitemized GrantFY2024$3,781
Unitemized GrantFY2024$800
Unitemized GrantFY2024$488
Charleys FundFY2023$35,000
Unitemized GrantFY2023$25,662
Jett Foundation INCMA · FY2023$20,500
Unitemized GrantFY2023$12,498
Unitemized GrantFY2023$7,900
Unitemized GrantFY2023$1,575
Unitemized GrantFY2023$1,249
Unitemized GrantFY2023$716

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$233K revenue · viewing · ⤓ 990 PDF
FY2023$212K revenue · ⤓ 990 PDF
FY2022$128K revenue · ⤓ 990 PDF
FY2021$69K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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